Wednesday, 2 January 2019

Chelsea Announces Record Profits and Revenue for 2017-18

Chelsea have revealed a record profit and turnover in the club’s latest published accounts.

The South West London club, which currently sits fourth in the Premier League, grew its turnover by 22.7 per cent to £445m (€494m/$565m) and reported a profit of £62m. The profit could be attributed to an increase in broadcast revenues of £162.4m as a result of the club’s return to the Champions League in the 2017-18 season and a profit on player sales worth £113m.

Chelsea’s £60m-a-season kit deal with Nike, which began at the start of the 2017-18 season, helped to drive a £32m increase in commercial revenues.

The club also reported an £8.4m increase in matchday revenues, despite freezing ticket prices at 2011-12 levels.

Chelsea chairman Bruce Buck said on the club’s official website: “The club has now posted a series of record-breaking revenue figures and our profit margin has increased in consecutive years.

“This has occurred against a backdrop of varying participation in European football, and different degrees of achievement in the Premier League, which demonstrates we have built a sound business footing to support our on-pitch quest for success.”

Chelsea reported a turnover of £361.3m and profit of £15.3m in the previous financial year.